H.R.1035 - Fairness for Craft Beverage Producers Act117th Congress (2021-2022) |
|Sponsor:||Rep. Wexton, Jennifer [D-VA-10] (Introduced 02/11/2021)|
|Committees:||House - Small Business|
|Latest Action:||House - 02/11/2021 Referred to the House Committee on Small Business. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.1035 — 117th Congress (2021-2022)All Information (Except Text)
Introduced in House (02/11/2021)
Fairness for Craft Beverage Producers Act
This bill provides additional economic relief to certain beverage manufacturers in response to COVID-19 (i.e., coronavirus disease 2019).
Specifically, the bill gives certain beverage manufacturers (e.g., breweries and wineries that derived at least 35% of their gross annual income during either 2019 or 2020 from in-person sales) access to second draw loans under the Paycheck Protection Program. Further, it makes these beverage manufacturers eligible to receive additional months of subsidized principal and interest payments on certain Small Business Administration loans.